ASIANPAINT trade ideas
A GREAT MONEY MAKING OPPORTUNITY BY ASIANPAINTin asianpaint's Stock case whenever the stochastic indicator crosses below 20 to upside it had given atleast 25-30% return . and it happens very rarely. from 2008 to till today it had happened only 9 times that it crooses below 20 to upside .
which is very exceptional case . and every time this stock had given more than 25 % return after this pattern happened which you can see in the chart . and now this days this pattern is taking place in this stock .
one can buy it on 3100 to 3150 and put a stoploss arround 3030 which is strong support and can expect atleast 20% returns from this levels
i use my own stochstic indicator which anyone can use it by just changing it's settings as follow
go to setting of the stochastic indicator click on inputs and change inputs as follows
%k length 20
%k smoothing 3
%d smoothing 20
now click on style and unclick the %k icon and you are done .
yes this is kind of advice .one can take it or leave it . it all depends on your actions.
#ASIANPAINT Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
#ASIANPAINT Weekly major support & resistance levels.Here providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular support & resistance levels.
INTRADAY ASIAN PAINTS IN 15MIN TF31/10/2022
LONG SIDE
INTRADAY(15MIN)
ASIANPAINTS
Triangle Pattern breakout in 15 min tf overall stock is BEARISH consolidation near pattern breakout in 5 min tf give breakout of that consolidation in 5min tf formed maurbozu but in 15 min tf it is a shooting star like candle looks like retested in 5 min tf needed a bullish candle formation for confirmation of the trade.
ENTRY-3054
SL-3042
TARGET 1-3072.30
TARGET 2-3113 IF PERFECT GREEN CANDLE CLOSED ABOVE 3072.30
R:R-1:1;1:4
MOVE-2.1%(FOR THE SECOND TARGET)
Asian Paint Flag BreakoutAsian Paint is Uptrending stock and outperforming nifty 50 index.
Today's price action show power of bulls in asian paint as entire index was falling but asian paint made a breakout.
Asian paint is good buy with 1st target of Rs 3622 based on size of flag.
Traders are requested to do their own analysis and post it in comment section.